Transcription

1 2015 SRI FIELD TRIP TO CANADA ROYAL DUTCH SHELL September 15,

2 DEFINITIONS AND CAUTIONARY NOTE The New Lens Scenarios referred to in this presentation are part of an ongoing process used in Shell for 40 years to challenge executives perspectives on the future business environment. We base them on plausible assumptions and quantification, and they are designed to stretch management to consider even events that may be only remotely possible. Scenarios, therefore, are not intended to be predictions of likely future events or outcomes and investors should not rely on them when making an investment decision with regard to Royal Dutch Shell plc securities. Reserves: Our use of the term reserves in this presentation means SEC proved oil and gas reserves. Resources: Our use of the term resources in this presentation includes quantities of oil and gas not yet classified as SEC proved oil and gas reserves. Resources are consistent with the Society of Petroleum Engineers 2P and 2C definitions. Organic: Our use of the term Organic includes SEC proved oil and gas reserves excluding changes resulting from acquisitions, divestments and year-average pricing impact. Resources plays: our use of the term resources plays refers to tight, shale and coal bed methane oil and gas acreage. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this presentation Shell, Shell group and Royal Dutch Shell are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words we, us and our are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. Subsidiaries, Shell subsidiaries and Shell companies as used in this presentation refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Companies over which Shell has joint control are generally referred to as joint ventures and companies over which Shell has significant influence but neither control nor joint control are referred to as associates. In this presentation, joint ventures and associates may also be referred to as equity-accounted investments. The term Shell interest is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as anticipate, believe, could, estimate, expect, goals, intend, may, objectives, outlook, plan, probably, project, risks, schedule, seek, should, target, will and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell s 20-F for the year ended December 31, 2014 (available at and ). These risk factors also expressly qualify all forward looking statements contained in this presentation and should be considered by the reader. Each forward-looking statement speaks only as of the date of this presentation, September 15, Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this presentation. We may have used certain terms, such as resources, in this presentation that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No , available on the SEC website 2

4 CANADA OIL + GAS Third-largest oil reserves in the world billion barrels of recoverable oil 166 billion barrels are located in the oil sands World's fifth-largest natural gas producer 2 The oil sands industry will pay an estimated C$1.2 trillion across provincial, federal taxes, and provincial royalties over the next 20 years 2 Canada oil production 2 k bbl/d Forecast 6,000 5,000 4,000 3,000 2,000 1, Oil Sands Conventional Oil New oil sands development is expected to: Contribute over C$4 trillion to the economy over the next 20 years (>$200 bln/yr) Companies with direct business with the oil sands 1 Provinces outside Alberta Grow from 151,000 jobs in 2015 to over 350,000 jobs in Source: CAPP fact sheets, July Reserves definition in this instance is the CAPP definition or classification. 2 Source: CAPP 4

5 SHELL IN CANADA Head office: Calgary, Alberta One of Canada s largest integrated oil and gas companies Approximately 8,000 employees Upstream - exploration and production Downstream - refining, petrochemicals, marketing Projects & Technology - research and development Voted one of the top 100 employers for 15 consecutive years 5

10 QUEST CARBON CAPTURE & STORAGE Part of AOSP JV Capture, transport and store more than 1 million tonnes CO 2 per year from Scotford Upgrader Equivalent to taking 250,000 cars off the road Built with support from Government of Canada and Government of Alberta Construction completed: February 2015 Commissioning & start-up in progress injection testing underway 10

14 DAWSON CREEK RECLAIMED WATER FACILITY Innovative partnership with the City of Dawson Creek to use reclaimed wastewater for fracking at Groundbirch Includes a LEED 1 certified reclaimed water plant, pumping station and a ~48 kilometre pipeline to the Groundbirch field Benefits: Reduces municipal wastewater previously released into Dawson Creek Reuses the recycled wastewater in oil and gas operations rather than drawing from fresh water sources Pipeline reduces ~3 million kilometres a year in truck traffic Water source for city watering of sports fields and dust control Reclaimed water infrastructure Water storage and recycling 1 Leadership in Energy and Environmental Design (LEED) is a set of rating systems developed by the U.S. Green Building Council (USGBC) 14

2015 SRI FIELD TRIP TO CANADA ROYAL DUTCH SHELL September 15, 2015 1 DEFINITIONS AND CAUTIONARY NOTE The New Lens Scenarios referred to in this presentation are part of an ongoing process used in Shell

Managing HSSE 1 HSSE in shell People who work for Shell drive nearly 1.5 billion kilometres a year to deliver fuel and other products. They build new plants in extreme conditions, work on remote offshore

Process safety in Shell 1 Process safety in Shell Our assets are safe and we know it Given the nature of the risks involved, ensuring the safety and integrity of our assets is paramount to Shell. For us,

Oil Spill Emergency Response 1 Oil Spill Emergency Response We work to prevent incidents that may result in spills of hazardous substances. This means making sure our facilities are well designed, safely

GAS DISPERSION WITH OPENFOAM Chris Dixon Major Hazards Management Centre of Expertise October 2012 1 DEFINITIONS AND CAUTIONARY NOTE Resources: Our use of the term resources in this announcement includes

How to Deliver Self Service BI Kurt Schlegel 2014 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. or its affiliates. This publication may not

READY TO RESPOND SHELL SUBSEA WELL CAPPING CAPABILITIES 2 Ready to Respond PREVENT IN THE FIRST PLACE, BUT BE READY TO RECOVER Safety is top priority for Shell. We continually develop our people, procedures

Fact Sheet March 215 The company s Canadian operations are comprised primarily of natural gas fields in western Canada and oil sand projects in the Athabasca region of northeastern Alberta. Current investment

Corporate Presentation June 2016 2 Future Oriented Information (See additional advisories at the end of this presentation document) In the interest of providing information regarding Trilogy Energy Corp.

CENTURY ENERGY LTD. FORM 51-102F1 MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2014 The following management s discussion and analysis ( MD&A ), prepared as of December 11, 2014, should

NEWS RELEASE Enbridge Income Fund Holdings Inc. Announces Second Quarter Results; Declares Monthly Dividend HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars) Earnings for the second

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues,

Report of Fund Performance Period Ending September 30, 2014 Disclaimer: This report may contain forward looking statements about the Fund, its future performance, strategies, or prospects, and possible

explore see the potential growth We re Imperial Oil, one of Canada s largest corporations and a leading member of the country s petroleum industry. We are a major producer of crude oil and natural gas,

The Economic Impacts from Operation of Canada s Energy Pipelines A SPECIAL REPORT PREPARED FOR THE CANADIAN ENERGY PIPELINE ASSOCIATION by Angevine Economic Consulting Ltd. October 2013 TABLE OF CONTENTS

by Frank Turner, Peter Glossop and Chris Murray The first half of 2012 saw significant foreign investment flow into Canada, and as in other years, Asian state-owned enterprises (SOEs) and other Asian investors

Range Resources Announces Merger With Memorial Resource Development Conference Call Slides December May 16, 2016 22, 2011 1 Highlights of Merger Core acreage positions in two of the most prolific highquality

IMPACT OF SHALE TECHNOLOGY ON HOUSTON REAL ESTATE Prepared for: Modern Green Development Co., Ltd. and Canadian Community Service Association June 21, 2013 Mining, Finance and Real Estate Forum Vancouver,

Oil and Gas Terms American Petroleum Institute (API): The API is the trade organization for the oil and gas industry, which establishes standards governing industry operations, safety and the manufacturing

A Changing Tide. British Columbia s Emerging Liquefied Natural Gas Industry REPORT FEBRUARY 2016 For the exclusive use of Caley Hurley, hurley.caley@hotmail.com, WorkIt. A Changing Tide: British Columbia

Hitting your numbers in Oil and Gas The future of world energy: adapting to meet the challenges. Hitting your numbers in Oil and Gas The future of world energy: adapting to meet the challenges. According

NexGen Commences 35,000 m Summer Drill Program at Rook I and Advances Project Development Activities Vancouver, BC, July 11, 2016 NexGen Energy Ltd. ( NexGen or the Company ) (TSXV:NXE) is pleased to announce

CORPORATE PROFILE a leading North American energy infrastructure company December 2012 Building and operating safe and reliable energy infrastructure it is what we do and we do it well. Millions of people